Yes, and I've been "laid off" before after having compensation discussions with management. The employer dodges a lot of liability they would have if they fired

Yes, and I've been "laid off" before after having compensation discussions with management. The employer dodges a lot of liability they would have if they fired me after asking for a pay raise. But for me the end result was I still lost my job. I like the 12-24 month waiting period as it would help reduce lay off abuse.